The JMP Blog has a half-advertisement, half-informative post today about measuring innovation. This post points the another NY Times Freakanomics blog post about the same idea: how does one go about measuring, quantifying, determining the impacts of, and analyzing innovation and how innovation grows a business, grows an industry, or grows global GDP?
Both blogs tend to agree that measuring innovation is hard. And the Freakanomics blog has several experts all talking about how measuring disruptive innovations (the invention of the Internet, cell phones, etc.) is really hard because there are so many factors and variables involved in attempting to measure such innovations.